NOT LISTED FOR SALE

541 Phillip Ln Watchung, NJ 07069

Estimated Value: $995,000 - $1,729,000

5 Beds
3 Baths
-- Sq Ft
1.5 Acres

Last Sold February 07, 2013

Last sale price $536,000

Est. 138% increase in value since last sale

Current estimated payment $8,482/month

About This Home

As of February 2013

This home is located at 541 Phillip Ln, Watchung, NJ 07069 since 07 February 2013 and is currently estimated at $1,275,578. This property was built in 1970. 541 Phillip Ln is a home located in Somerset County with nearby schools including Bayberry Elementary School, Valley View School, and Watchung Hills Regional High School.

Last Agent to Sell the Property

Sean Quinn

COMPASS NEW JERSEY, LLC Brokerage Phone: 908-754-1500 Listed on: 02/07/2013

COMPASS NEW JERSEY, LLC

Last Buyer's Agent

Susan Picciuto

RE/MAX TRUST PROPERTIES

RE/MAX TRUST PROPERTIES

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,866

Year Built

  • 1970

Lot Details

  • 1.5 Acre Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,866

Year Built

1970

Lot Details

0

Listing Details

  • County Name: Somerset
  • Street Number Display: 541
  • I D: 4276804
  • Modified: 2021-09-23
  • Number Images: 1
  • Attribution Contact: 908-754-1500
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built (Public Record): 1970

Interior Features

  • Bedrooms: 5
  • Bathrooms: 2.20

Lot Info

  • Lot Size: 1.5
  • Total Acres: 1.50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2013
Closed on
Feb 7, 2013
Sold by
Cesareo Frederick S and Postogna-Cesareo Regina M
Bought by
Sheikh Nawaz A and Sheikh Afreen N
Seller's Agent
Sean Quinn
COMPASS NEW JERSEY, LLC
Buyer's Agent
Susan Picciuto
RE/MAX TRUST PROPERTIES
Sold Price
$536,000
Total Days on Market
0
Current Estimated Value
$1,275,578

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$739,578
Avg. Annual Appreciation
7.01%
Original Mortgage
$300,000
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 1995
Sold by
Bank Of Amer
Bought by
Cesareo Regina Postogna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,000
Interest Rate
8.24%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sheikh Nawaz A $535,000 Wfg National Title Ins Co
Cesareo Regina Postogna $325,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sheikh Nawaz A $220,000
Closed Sheikh Nawaz $100,000
Closed Sheikh Nawaz A $300,000
Previous Owner Cesareo Regina Postogna $293,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2013 02/07/13 Sold $536,000 -- --
Source: Garden State MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $15,866 $794,100 $333,900 $460,200
2023 $15,279 $748,600 $312,000 $436,600
2022 $14,894 $708,900 $287,000 $421,900
2021 $13,838 $687,000 $279,900 $407,100
2020 $14,379 $675,700 $274,500 $401,200
2019 $13,838 $666,900 $274,500 $392,400
2018 $12,999 $652,900 $266,400 $386,500
2017 $12,347 $623,900 $235,800 $388,100
2016 $12,807 $612,500 $235,800 $376,700
2015 $12,274 $579,500 $214,200 $365,300
2014 $12,478 $595,900 $204,700 $391,200
Source: Public Records

Agents Affiliated with this Home

  • Sean Quinn

    Seller's Agent in 2013

    Sean Quinn

    COMPASS NEW JERSEY, LLC

    (973) 699-1917

    3 in this area

    54 Total Sales

    Sean Quinn
    Section Image
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Map

Source: Garden State MLS

MLS Number: 2981542

Garden State MLS

APN: 21-07008-0000-00012

New Jersey Somerset County Watchung 07069

541 Phillip Ln, Watchung, NJ

This home is located at 541 Phillip Ln, Watchung, NJ 07069 since 07 February 2013 and is currently estimated at $1,275,578. This property was built in 1970. 541 Phillip Ln is a home located in Somerset County with nearby schools including Bayberry Elementary School, Valley View School, and Watchung Hills Regional High School.

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